Western Australia (Perth) - Jan 2024

📢📢 Investor Purchase : Western Australia (Perth)

Client brief : The client a busy professional from Sydney was looking to purchase a property in a growth suburb with the intention of subdividing and building properties on the land for profit. His budget was under 550K. 

How did I help?

✔ Selected Perth as the location as there is a massive supply-demand imbalance here and prices would continue to move forward over the next few years.

✔ Got access to a stunning deal only 12 Km from the Perth CBD with Triplex potential . This means that at some point the client can knock down the existing house ( which is an older property) and build 3 houses on the land for a profit. The property was Off - Market . 

✔ Purchase price : 540K (3-1-1 on a 728m2 block). Price reduced by $10K through negotiation with the vendor. 

✔ Rental estimate : Min 500/week

✔All due diligence completed on property

✔ Within 12 Km to Perth CBD with access to all infrastructure and amenities

✔ Extremely tight vacancy rates - strong rental demand

✔Capital growth potential : Good 🔥🔥